Drumbeat: April 19, 2013

Jeremy Grantham is a fascinating dude. He is a highly successful capitalist who blames capitalism for killing the planet. If you’re familiar with this “connoisseur of [market] bubbles,” as the New York Times referred to him in a profile, it’s probably due to his increasingly Malthusian outlook. In 2011, he warned that “accelerated demand” from developing countries was depleting the earth’s natural resources. He declared that we “now live in a different, more constrained, world in which prices of raw materials will rise and shortages will be common.” This resource depletion (peak everything!), combined with global warming, poses an existential threat to civilization, Grantham argues. Though some of his recent peak claims have been questioned by experts and ridiculed by pundits, his message has deeply resonated with greens, peak oilers, and climate activists.